Subtopic
Policy and Administration
5 lessons to explore at your own pace.
Lessons in Policy and Administration
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Self-paced lesson · ~13 min read
Local Governments, Property Taxes, and Real Estate
A home comes with more than walls and a location. Buying it also buys access to local services and a responsibility to help pay for them. A good school system can make a home more…
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Self-paced lesson · ~15 min read
Public Goods, Externalities, Development, and Regulations
A developer can earn more by adding another floor while making neighbouring homes darker. A neighbourhood can value a park more than its purchase price while no resident wants to pay for…
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Self-paced lesson · ~15 min read
Housing Markets: Turnover, Prices, User Cost, and Supply
A city can gain very few new households while millions of existing households move, buy, sell, or change tenure. A house can also become more expensive to purchase while appearing…
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Self-paced lesson · ~14 min read
Commercial Markets: Absorption, Leases, Offices, Industrial, Retail, and Hotels
A full office building, a busy warehouse, and a sold-out hotel all use space, but their demand drivers and adjustment speeds differ. An office tenant may commit for years; a hotel sells…
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Self-paced lesson · ~17 min read
Building a CFTC-Regulated Event Exchange: Kalshi, Market Design, and Event Risk
An event exchange turns a precisely defined future outcome into a tradable payoff. Building one requires much more than a forecasting website: contract language, order matching,…